Supply Response Analysis of Pakistani Wheat Growers

Bhatti, Dr. Nadeem and Shah, Dr. Anwar Ali and Shah, Dr. Naimatullah and Shaikh, Faiz M. and Shafiq, Kamran ORCID: https://orcid.org/0000-0003-4157-8741 (2011) Supply Response Analysis of Pakistani Wheat Growers. International Journal of Business and Management, 6 (4). pp. 64-74. ISSN 1833-3850

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Abstract

Alternative specifications of model of supply response of Pakistani wheat growers and their economic implications are considered in terms of the existences and nature of production lags, and the choice between expected wheat and gross returns as the preferred explanatory of producer’s response to changing economic condition. Data were collected from 1961-2008 by using time series analysis and data were analysis by using SPSS-16.5 version. The analyses indicate that there are lags which are due primarily to the difficulties and cost of rapid adjustment rather than to the time required to revise expectations. The statistical results were similar for the alternative specification of gross margins and wheat as the economic decision available. However, the wheat elasticities derived using the gross margins specification were about a third of those using the wheat specification. The paper used data by using the time series analysis of Wheat response analysis. A longitudinal in depth study is needed for the decision analysis. The gross margin specification yielded additional information in the form of yield and input cost elasticities. The clarified concept of Wheat response analysis presented. Also, the systematized the factors is introduced and tested empirically.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: No Faculty
Faculty/School / Institute/Centre: No Faculty
Date Deposited: 17 Jan 2022 03:43
Last Modified: 17 Jan 2022 03:43
Uncontrolled Keywords: Supply, Response, Wheat, Growers, Rural area
Fields of Research (2008): 15 Commerce, Management, Tourism and Services > 1599 Other Commerce, Management, Tourism and Services > 159999 Commerce, Management, Tourism and Services not elsewhere classified
Fields of Research (2020): 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3599 Other commerce, management, tourism and services > 359999 Other commerce, management, tourism and services not elsewhere classified
Identification Number or DOI: https://doi.org/10.5539/ijbm.v6n4p64
URI: http://eprints.usq.edu.au/id/eprint/44821

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